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NASDAQ:PENN

Penn National Gaming Stock Forecast, Price & News

$63.70
+0.57 (+0.90 %)
(As of 10/22/2020 12:00 AM ET)
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Today's Range
$61.62
Now: $63.70
$64.00
50-Day Range
$53.92
MA: $66.08
$74.37
52-Week Range
$3.75
Now: $63.70
$76.62
Volume4.29 million shs
Average Volume9.94 million shs
Market Capitalization$9.88 billion
P/E RatioN/A
Dividend YieldN/A
Beta2.59
Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a focus on slot machine entertainment. The company operates through four segments: Northeast, South, West, and Midwest. As of December 31, 2018, it owned, managed, or had ownership interests in 40 facilities in 18 jurisdictions. The company was formerly known as PNRC Corp. and changed its name to Penn National Gaming, Inc. in 1994. Penn National Gaming, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
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Penn National Gaming logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.34 out of 5 stars

Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
Current SymbolNASDAQ:PENN
CUSIP70756910
Phone610-373-2400
Employees28,300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.30 billion
Cash Flow$3.61 per share
Book Value$15.98 per share

Profitability

Net Income$43.90 million

Miscellaneous

Market Cap$9.88 billion
Next Earnings Date10/29/2020 (Confirmed)
OptionableOptionable
$63.70
+0.57 (+0.90 %)
(As of 10/22/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Penn National Gaming (NASDAQ:PENN) Frequently Asked Questions

How has Penn National Gaming's stock price been impacted by COVID-19?

Penn National Gaming's stock was trading at $19.81 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PENN shares have increased by 221.6% and is now trading at $63.70.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Penn National Gaming?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penn National Gaming in the last year. There are currently 2 sell ratings, 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Penn National Gaming
.

When is Penn National Gaming's next earnings date?

Penn National Gaming is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Penn National Gaming
.

How can I listen to Penn National Gaming's earnings call?

Penn National Gaming will be holding an earnings conference call on Thursday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Penn National Gaming's earnings last quarter?

Penn National Gaming, Inc (NASDAQ:PENN) released its quarterly earnings data on Thursday, August, 6th. The company reported ($1.69) earnings per share for the quarter, topping the Zacks' consensus estimate of ($2.06) by $0.37. The business had revenue of $305.50 million for the quarter, compared to analysts' expectations of $242.94 million. Penn National Gaming had a negative net margin of 21.16% and a negative return on equity of 15.63%. The business's quarterly revenue was down 76.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share.
View Penn National Gaming's earnings history
.

How will Penn National Gaming's stock buyback program work?

Penn National Gaming announced that its board has approved a share buyback program on Wednesday, January 9th 2019, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

What guidance has Penn National Gaming issued on next quarter's earnings?

Penn National Gaming updated its third quarter 2020 After-Hours earnings guidance on Tuesday, September, 29th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.04-1.145 billion, compared to the consensus revenue estimate of $1.03 billion.

What price target have analysts set for PENN?

16 brokerages have issued 1 year price objectives for Penn National Gaming's shares. Their forecasts range from $31.00 to $100.00. On average, they expect Penn National Gaming's share price to reach $66.29 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
View analysts' price targets for Penn National Gaming
.

Are investors shorting Penn National Gaming?

Penn National Gaming saw a increase in short interest in September. As of September 30th, there was short interest totaling 16,820,000 shares, an increase of 20.4% from the September 15th total of 13,970,000 shares. Based on an average daily volume of 9,630,000 shares, the days-to-cover ratio is currently 1.7 days.
View Penn National Gaming's Short Interest
.

Who are some of Penn National Gaming's key competitors?

What other stocks do shareholders of Penn National Gaming own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Penn National Gaming investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), DraftKings (DKNG), QUALCOMM (QCOM), The Walt Disney (DIS), Square (SQ), The Boeing (BA), Netflix (NFLX) and Paypal (PYPL).

Who are Penn National Gaming's key executives?

Penn National Gaming's management team includes the following people:
  • Mr. Timothy J. Wilmott, CEO & Director (Age 60)
  • Mr. Jay A. Snowden, Pres & COO (Age 43)
  • Mr. William J. Fair, Exec. VP of Fin., CFO & Treasurer (Age 56)
  • Mr. Carl Sottosanti, Exec. VP, Gen. Counsel & Sec. (Age 54)
  • Ms. Christine LaBombard, Sr. VP & Chief Accounting Officer (Age 49)

What is Penn National Gaming's stock symbol?

Penn National Gaming trades on the NASDAQ under the ticker symbol "PENN."

Who are Penn National Gaming's major shareholders?

Penn National Gaming's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Retirement Systems of Alabama (0.26%), Envestnet Asset Management Inc. (0.04%), Consolidated Investment Group LLC (0.04%), Assenagon Asset Management S.A. (0.04%), Venture Visionary Partners LLC (0.03%) and CHURCHILL MANAGEMENT Corp (0.03%). Company insiders that own Penn National Gaming stock include Carl Sottosanti, Christine Labombard, David A Handler, Jane Scaccetti, Jay A Snowden, Ronald J Naples, Saul Reibstein and William J Fair.
View institutional ownership trends for Penn National Gaming
.

Which institutional investors are selling Penn National Gaming stock?

PENN stock was sold by a variety of institutional investors in the last quarter, including Jackson Wealth Management LLC, Consolidated Investment Group LLC, Assenagon Asset Management S.A., Envestnet Asset Management Inc., Westside Investment Management Inc., Kendall Capital Management, Creative Financial Designs Inc. ADV, and Carolina Wealth Advisors LLC. Company insiders that have sold Penn National Gaming company stock in the last year include Carl Sottosanti, Christine Labombard, and Saul Reibstein.
View insider buying and selling activity for Penn National Gaming
.

Which institutional investors are buying Penn National Gaming stock?

PENN stock was bought by a variety of institutional investors in the last quarter, including CHURCHILL MANAGEMENT Corp, Riggs Asset Managment Co. Inc., Pacer Advisors Inc., Retirement Systems of Alabama, Rothschild Investment Corp IL, Nisa Investment Advisors LLC, Venture Visionary Partners LLC, and International Assets Investment Management LLC. Company insiders that have bought Penn National Gaming stock in the last two years include David A Handler, Jane Scaccetti, Jay A Snowden, Ronald J Naples, Saul Reibstein, and William J Fair.
View insider buying and selling activity for Penn National Gaming
.

How do I buy shares of Penn National Gaming?

Shares of PENN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Penn National Gaming's stock price today?

One share of PENN stock can currently be purchased for approximately $63.70.

How big of a company is Penn National Gaming?

Penn National Gaming has a market capitalization of $9.88 billion and generates $5.30 billion in revenue each year. The company earns $43.90 million in net income (profit) each year or $0.37 on an earnings per share basis. Penn National Gaming employs 28,300 workers across the globe.

What is Penn National Gaming's official website?

The official website for Penn National Gaming is www.pngaming.com.

How can I contact Penn National Gaming?

Penn National Gaming's mailing address is 825 BERKSHIRE BLVD STE 200, WYOMISSING PA, 19610. The company can be reached via phone at 610-373-2400 or via email at [email protected]

This page was last updated on 10/23/2020 by MarketBeat.com Staff

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